HILL AIR FORCE BASE — A recently completed audit on the U.S. military discovered a large cache of pricey intercontinental ballistic missile parts stored at Hill Air Force Base were inaccurately invoiced as not working.The recently released audit, which is the first agency-wide financial audit in the history of the Department of Defense, found that about $53 million worth of stockpiled missile motors were catalogued as inoperative.“(A) redesigned process for validating the condition of assets in property systems resulted in the accurate capture of approximately $53 million in assets that would have otherwise been misstated,” the audit reads.In an email sent to the Standard-Examiner Friday, Leah Bryant, chief of public affairs with the Air Force Nuclear Weapons Center at Kirtland Air Force Base, New Mexico, said the oversight could be attributed to training failures.The AFNWC serves as headquarters for the Hill unit involved in the matter and therefore was the agency … [Read more...] about Large stockpile of ICBM missile parts worth $53M erroneously marked as ‘not working’ at Hill AFB
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Senate Finance Committee releases 22 opioid bills to mark up in ‘coming weeks’
The Senate Finance Committee released 22 bipartisan bills aimed at curbing the opioid epidemic, with plans to mark up the legislation in the “coming weeks,” the panel announced Wednesday. The legislation is aimed at tackling the epidemic through the committee’s jurisdiction, mainly in Medicare, Medicaid and human services. The Finance Committee is one of several panels working on legislation aimed at stemming the tide of the opioid epidemic, which is contributing to an estimated 115 American deaths per day according to the Centers for Disease Control and Prevention. “Through stakeholder input, hearings, and other member engagement, our committee has spent the first half of the year examining potential solutions to help curb the opioid crisis plaguing our nation,” the panel’s chairman, Sen. Orrin HatchOrrin Grant HatchRepublicans think Trump is losing trade war McConnell tells senators he might scrap August recess Longtime tax aide … [Read more...] about Senate Finance Committee releases 22 opioid bills to mark up in ‘coming weeks’
Iridium Announces First-Quarter 2018 Results; Company Affirms 2018 and Long-Range Outlook
/EIN News/ -- MCLEAN, Va., April 26, 2018 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM) (“Iridium”) today reported financial results for the first quarter of 2018 and affirmed its full-year 2018 and long-range outlook. Net income was $11.5 million, or $0.07 per diluted share, for the first quarter of 2018, as compared to $37.9 million, or $0.30 per diluted share, for the first quarter of 2017. This decrease in net income was primarily the result of a $25.0 million increase in depreciation and amortization expense compared to the year-ago period and the recognition of a $14.2 million gain in the prior year period triggered by the Company’s insourcing transaction with Boeing. Operational EBITDA (“OEBITDA”)(1) for the first quarter was $68.5 million, as compared to $64.3 million for the prior-year period, representing a year-over-year increase of 6% and an OEBITDA margin(1) of 57%. OEBITDA benefitted from higher … [Read more...] about Iridium Announces First-Quarter 2018 Results; Company Affirms 2018 and Long-Range Outlook
Brig. Gen. Ed Brandt drops out of U.S. House race days after filing
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Brig. Gen. Ed Brandt drops out of U.S. House race days after filing A statement from the campaign is expected today on Brandt's departure from the race for Delaware's lone U.S. House seat. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Scott Goss, The News Journal Published 2:31 p.m. ET April 18, 2018 | Updated 2:52 p.m. ET April 18, 2018 CLOSE Here are some of the top stories we're following for today. 4/18/18 Damian Giletto/The News Journal CONNECT TWEET LINKEDIN COMMENT EMAIL MORE A high-ranking chaplain in … [Read more...] about Brig. Gen. Ed Brandt drops out of U.S. House race days after filing
DOD appears to contradict White House on process for trans military ban
A Defense Department spokesperson appeared Thursday to contradict the White House on the process for drafting the transgender military policy, asserting it was “a coordinated effort” with the White House and Justice Department as opposed to Defense Secretary James Mattis and his working group alone within the Pentagon. Dana White, a Pentagon spokesperson, made the comments Thursday during a Pentagon news briefing in response to a question on timing for the release of the policy late Friday night and whether Mattis was “proud” of his recommendation against transgender military service. “The secretary was asked for his thoughts, and he provided his recommendation,” White said. “The way that this was done is that it was a coordinated effort with the White House as well as the Department of Justice, and because there were multiple filings done in different time zones, it drove the timing of the release.” White House Deputy Press Secretary Raj … [Read more...] about DOD appears to contradict White House on process for trans military ban